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Is SKIL positioned for a breakdown? 20 Day Moving Average Resistance shows up after advancing 3.58%
SKIL closed up 3.58% on Friday, June 26th, with volume running 0.2× below average. Multiple bearish signals emerged — 20 DMA Resistance, MACD Bearish Signal Line Cross & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 6.03, 5.7 & 5.32, with resistance at 6.74, 7.12 & 7.45.
Current SwingTradeBot Technical Rating of SKIL: F
There’s more where that came from. See all of today’s signals for SKIL here.
Read full article here »